New Issue: HSBC prices $2.48 million 5.75% autocallable yield notes on S&P 500, Russell

By Jennifer Chiou

New York, Aug. 29 - HSBC USA Inc. priced $2,477,000 of 5.75% autocallable yield notes due Dec. 1, 2014 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes will be called at par if each index closes at or above its initial level on any quarterly call observation date beginning on March 3, 2014.

The payout at maturity will be par unless either index closes below its trigger level - 75% of its initial level - on any day during the life of the notes and the return of the worse performing index is negative, in which case investors will receive par plus the return of the worse performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Autocallable yield notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$2,477,000
Maturity:	Dec. 1, 2014
Coupon:	5.75%, payable monthly
Price:	Par
Payout at maturity:	Par unless either index falls below trigger level during life of notes and return of worse performing index is negative, in which case par plus return of worse performing index
Call:	At par if both indexes close at or above their initial levels on any quarterly call observation date beginning March 3, 2014
Initial index levels:	1,630.48 for S&P and 1,013.49 for Russell
Trigger levels:	75% of initial levels
Pricing date:	Aug. 27
Settlement date:	Aug. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	Up to 0.75%
Cusip:	40432XJH5

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